The Usdjpy had a bearish momentum last week bottomed at 111.94 and hit 111.88 earlier today in Asian session. The bias is bearish in nearest term testing 111.65 (daily EMA 200) as a part of the bearish pin bar scenario as you can see on my daily chart below. A clear break and daily close below that area would expose 110.65 region. Immediate resistance is seen around 112.50. A clear break above that area could lead price to neutral zone in nearest term testing 113.00 region. Overall I remain neutral.
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